Post
Topic
Board Altcoin Discussion
Re: What if Elon musk launches his own coin?
by
Gatorelf
on 22/05/2021, 19:22:36 UTC
If Elon launches his own crypto or gets involved with a cryptocurrency project, it doesn't necessarily mean that the project will do good or bad, the only thing that will worry me is that too many people will take his public opinions (tweets) as a signal to either buy or to sell the cryptos and that is not healthy for any business.
A good crypto project should have what it takes to withstand a FUD or shilling by its project members

Its always been that way, way back if JD Rockefeller said it everyone was on board, then it was Warren Buffet with Stocks, the world guru was Richard Branson before The new adventures of Elon Musk.  You are 100% right though it just shows how easily people are influenced by one person.